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The price of Enphase Energy Inc (NASDAQ: ENPH) closed at $113.85 in the last session, up 1.72% from day before closing price of $111.93. In other words, the price has increased by $1.72 from its previous closing price. On the day, 3.12 million shares were traded. ENPH stock price reached its highest trading level at $115.75 during the session, while it also had its lowest trading level at $111.13.
Ratios:
We take a closer look at ENPH’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.30. For the most recent quarter (mrq), Quick Ratio is recorded 3.78 and its Current Ratio is at 4.16. In the meantime, Its Debt-to-Equity ratio is 1.43 whereas as Long-Term Debt/Eq ratio is at 1.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on April 26, 2024, Upgraded its rating to Overweight and sets its target price to $134 from $115 previously.
On April 24, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $140 to $145.
Jefferies Downgraded its Buy to Hold on April 24, 2024, whereas the target price for the stock was revised from $135 to $111.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 26 ’24 when GOMO STEVEN J sold 25,000 shares for $110.08 per share. The transaction valued at 2,751,933 led to the insider holds 93,360 shares of the business.
GOMO STEVEN J sold 20,000 shares of ENPH for $2,093,735 on Apr 25 ’24. The Director now owns 118,360 shares after completing the transaction at $104.69 per share. On Apr 15 ’24, another insider, RANHOFF DAVID A, who serves as the EVP & Chief Commercial Officer of the company, sold 5,000 shares for $116.29 each. As a result, the insider received 581,474 and left with 119,948 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ENPH now has a Market Capitalization of 15490772992 and an Enterprise Value of 15180946432. As of this moment, Enphase’s Price-to-Earnings (P/E) ratio for their current fiscal year is 58.99, and their Forward P/E ratio for the next fiscal year is 22.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.47 while its Price-to-Book (P/B) ratio in mrq is 16.78. Its current Enterprise Value per Revenue stands at 8.304 whereas that against EBITDA is 45.413.
Stock Price History:
The Beta on a monthly basis for ENPH is 1.48, which has changed by -0.25529826 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, ENPH has reached a high of $192.22, while it has fallen to a 52-week low of $73.49. The 50-Day Moving Average of the stock is -3.62%, while the 200-Day Moving Average is calculated to be -4.57%.
Shares Statistics:
According to the various share statistics, ENPH traded on average about 4.28M shares per day over the past 3-months and 5034200 shares per day over the past 10 days. A total of 135.72M shares are outstanding, with a floating share count of 130.72M. Insiders hold about 3.93% of the company’s shares, while institutions hold 75.18% stake in the company. Shares short for ENPH as of 1713139200 were 11427829 with a Short Ratio of 2.67, compared to 1710460800 on 10019263. Therefore, it implies a Short% of Shares Outstanding of 11427829 and a Short% of Float of 11.270001.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 29.0 analysts currently analyzing and rating the stock of Enphase Energy Inc (ENPH).On average, analysts expect EPS of $0.5 for the current quarter, with a high estimate of $0.64 and a low estimate of $0.11, while EPS last year was $1.47. The consensus estimate for the next quarter is $0.9, with high estimates of $1.2 and low estimates of $0.68.
Analysts are recommending an EPS of between $3.49 and $2.35 for the fiscal current year, implying an average EPS of $2.95. EPS for the following year is $5.12, with 33.0 analysts recommending between $6.52 and $3.78.
Revenue Estimates
According to 30 analysts, the current quarter’s revenue is expected to be $317.19M. It ranges from a high estimate of $381.48M to a low estimate of $296.69M. As of the current estimate, Enphase Energy Inc’s year-ago sales were $711.12MFor the next quarter, 30 analysts are estimating revenue of $428.04M. There is a high estimate of $501.6M for the next quarter, whereas the lowest estimate is $368M.
A total of 39 analysts have provided revenue estimates for ENPH’s current fiscal year. The highest revenue estimate was $1.75B, while the lowest revenue estimate was $1.4B, resulting in an average revenue estimate of $1.5B. In the same quarter a year ago, actual revenue was $2.29BBased on 38 analysts’ estimates, the company’s revenue will be $2.18B in the next fiscal year. The high estimate is $2.62B and the low estimate is $1.84B.
